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Report: Cashless ecosystem spells big bucks for fintech startups in India, to reach $2.4 billion by 2020
A joint report by KPMG and NASSCOM titled 'Fintech in India argues that a robust fintech collaborative ecosystem - with startups engaging in external partnerships withfinancial institutions, universities and research institutions, venture capitalists, technology experts, government agencies - will be the key platform for the forecasted growth.
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- Uncategorized
- Region
- South Asia
- Tags
- fintech
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If you want to make money in Cuba, join a band
“In Cuba, we have an inverted socioeconomic pyramid,” says Guevara. Waiters make more than software engineers, a hotel bartender is more likely to go on a holiday abroad than a bank manager, and having a university degree typically doesn’t mean higher pay.
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- Uncategorized
- Region
- Latin America
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Social Enterprise Accelerator Solvey Gets Over 3 Million Views On YouTube
In May, I met YouTubers Dave Erasmus and Louis Cole in Delhi. They were on their third stop on a fast-paced world tour called Solvey, to find entrepreneurial individuals, interested in giving back and solving problems in their home countries
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Viewpoint: CFPB Payday Rule Addresses the Problems, Not the Solution
If the final rule doesn't create a clear lane for good lenders to step in with a variety of new loan product designs, the CFPB risks leaving important consumer needs unfulfilled.
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- Uncategorized
- Region
- North America
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- lending, regulations
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International Finance Corp bets big on India’s microfinance sector
The World Bank affiliate IFC is set to invest Rs 300 crore in TPG Capital and Citigroup backed-Janalakshmi Financial Services and another Rs 135 crore in CreditAccess Asia promoted Grameen Koota Financial Services.
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- Uncategorized
- Region
- South Asia
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Viewpoint: Why M-Pesa ‘will never work in South Africa’
In the wake of Vodacom's decision to close down its M-Pesa mobile money service in South Africa at the end of this month, a pioneer of mobile financial services for the mass market has said mobile operators will never be successful in the financial services industry.
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- Uncategorized
- Region
- Sub-Saharan Africa
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New MacArthur Competition to Award $100 Million to Help Solve a Critical Problem of Our Time
A new competition launched today will award a $100 million grant to a single proposal designed to help solve a critical problem affecting people, places, or the planet.
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- Uncategorized
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- philanthropy
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Unlocking Empowerment for Poor Customers: Three Tips for Financial Services Providers
We expect financial services to bring several things to the lives of poor people: more options on how to manage their circumstances and opportunities, a sense of confidence and control over their future - a sense of empowerment, in other words. Here are three ways that financial institutions can nurture empowerment among low-income customers through their actions and offerings.
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- Uncategorized
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